Hut 8 Corp. $HUT Shares Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd grew its stake in Hut 8 Corp. (NASDAQ:HUT) by 109.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 83,400 shares of the company’s stock after purchasing an additional 43,600 shares during the period. WINTON GROUP Ltd’s holdings in Hut 8 were worth $3,831,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC acquired a new stake in Hut 8 during the fourth quarter worth about $30,000. Activest Wealth Management acquired a new stake in Hut 8 during the fourth quarter worth about $49,000. Danske Bank A S acquired a new stake in Hut 8 during the fourth quarter worth about $51,000. CWM LLC raised its stake in Hut 8 by 37.4% during the fourth quarter. CWM LLC now owns 1,106 shares of the company’s stock worth $51,000 after acquiring an additional 301 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in Hut 8 by 1,578.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,393 shares of the company’s stock worth $64,000 after acquiring an additional 1,310 shares during the period. Institutional investors and hedge funds own 31.75% of the company’s stock.

Analyst Ratings Changes

HUT has been the topic of several research reports. Wall Street Zen lowered shares of Hut 8 from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Piper Sandler increased their price objective on shares of Hut 8 from $93.00 to $127.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Cantor Fitzgerald upped their target price on shares of Hut 8 from $68.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Canaccord Genuity Group upped their target price on shares of Hut 8 from $70.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Citizens Jmp upped their target price on shares of Hut 8 from $100.00 to $140.00 and gave the stock a “market outperform” rating in a research report on Thursday, May 7th. Seventeen analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $107.72.

Hut 8 Price Performance

NASDAQ HUT opened at $112.24 on Friday. Hut 8 Corp. has a 52 week low of $15.26 and a 52 week high of $140.80. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.12. The stock has a market cap of $12.64 billion, a price-to-earnings ratio of -37.41 and a beta of 4.61. The company has a 50-day moving average price of $86.14 and a two-hundred day moving average price of $62.88.

Hut 8 (NASDAQ:HUT) last posted its earnings results on Wednesday, May 6th. The company reported ($1.98) EPS for the quarter, missing the consensus estimate of ($0.33) by ($1.65). Hut 8 had a negative return on equity of 0.35% and a negative net margin of 109.77%.The firm had revenue of $139.31 million during the quarter, compared to the consensus estimate of $78.53 million. Analysts forecast that Hut 8 Corp. will post -1.29 EPS for the current year.

Insider Activity at Hut 8

In related news, insider Victor Semah sold 10,518 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $76.83, for a total transaction of $808,097.94. Following the transaction, the insider owned 41,378 shares in the company, valued at $3,179,071.74. This trade represents a 20.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Rick Rickertsen sold 17,491 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $110.00, for a total value of $1,924,010.00. Following the sale, the director directly owned 17,491 shares in the company, valued at approximately $1,924,010. The trade was a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 74,628 shares of company stock valued at $6,976,321. Insiders own 10.40% of the company’s stock.

Hut 8 Company Profile

Hut 8 Corp., trading on the Nasdaq under the symbol HUT, is a North American digital infrastructure company specializing in cryptocurrency mining and high?performance computing. Founded in 2017 and headquartered in Toronto, Canada, Hut 8 operates purpose?built data centers that house fleets of specialized ASIC and GPU servers. Through its flagship mining facilities in Alberta and Ontario, the company leverages low?cost, low?carbon power sources—such as hydroelectric and natural gas—to support sustainable bitcoin production.